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Next year, NFRA will shortlist 12 firms for inspection and in the next 4-5 years it plans to inspect 20-30 firms every year
Experts want the authority to set some limit on the time it would spend on on-site visits
Seeks approval for revision in remuneration payable to Marico's cost auditors
So far this year, nearly 12 firms have reported resignations by their auditors due to disagreement over fees
Audit companies are still assessing the increase in their workload because of the new rules
Private banks have a single auditor while PSBs have multiple auditors